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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: Jim Daly who wrote (932)1/25/1999 6:14:00 AM
From: Hunter Trout   of 1261
 
Let's see... a company that has recently undergone a 1-for-10 reverse split is now engaged in stock buyback on the heels of issuing additional shares to raise much needed capital. Do you think that might push the credibility envelope just a hair?

The only way these kinds of companies seem to be able to reduce their float is with reverse-splits and we've seen what that does for shareholder value, haven't we?

HT
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